March 2023

Public Finance, Fiscal Rules and Public-Private Partnerships: Lessons for Post-COVID-19 Investment Plans

Eoin Reeves (ed), University of Limerick, Ireland

Article by Alessandra Cepparulo, Giuseppe Eusepi and Luisa Giuriato

Public finances in the EU countries are strained by the COVID-19 pandemic and the war in Ukraine while public debts and deficits have reached unprecedented levels. At the same time, in the coming years governments will need to provide the infrastructure required by the digital and climate transitions and recover their backlog of investments.  These policy choices will deeply impact on the future development of European countries and the dynamics of their public finances, which will be constrained also by restored or revised fiscal rules.  All this makes PPPs attractive for public authorities in search of alternatives to increase investment resources without further worsening their budgetary position.

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